Inflation Targeting is Neither Necessary Nor Sufficient
Proponents of inflation targeting suggest that countries using this tool understand better, their responsibility for price stability and are able to better communicate their superior policy target. Thus, they also should achieve lower inflation. Fed Chair Ben Bernanke is a strong proponent of inflation targeting, conducting monetary policy to achieve an announced target. This article discusses whether inflation targeting is necessary.
|Date of creation:||31 May 2006|
|Date of revision:|
|Publication status:||Published in Research Buzz 5.2(2006): pp. 1-2|
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- Francis H Schott, 2005. "Inflation Targeting," Business Economics, Palgrave Macmillan, vol. 40(1), pages 46-49, January.
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